Peter Navarro

Last quote by Peter Navarro

This heartland of America icon is grappling with a practice called country hopping, in which two of its South Korean competitors, LG and Samsung, simply move their production to another country each time Whirlpool wins an anti-dumping case against them.feedback

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We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Peter Navarro is associated, including Donald Trump, China, and tax. Most recently, Peter Navarro has been quoted saying: “There's just one company in the U.S. that can repair propellers for Navy submarines.” in the article Trump to order review of US defense industrial base: Official.

Might we lose a broader cold war for America's freedom and prosperity, not by shots fired but by cash registers ringing? Might we lose a broader hot war, simply because we have sent our manufacturing and defense industrial base off-shore. This seems to be an elitist out-of-touch argument, as it assumes that the poorest segments of our society would rather have cheap products than a good job, and a good paycheck. One of the major goals of the Trump administration is to reclaim all of the supply chain and manufacturing capabilities that would otherwise exist if the playing field were level.feedback

There is no question that we need a border adjustable tax of some kind, one that has to be flexible. It is one of the options that's on the table. You should not take it from me that that's the option we're going with but I'm not going to exclude that option.feedback

Germany – one of the worst actors in the international environment, when it comes to the [value-added tax] because what they've done is strategically raise that to 20 percent. Whereas Japan is much lower. They're sticking it to us. When they send us a BMW or Porsche into our markets, they basically rebate the VAT to those manufacturers like a subsidy and if we try to sell them a Ford or a Chevy, they slap on the VAT. That's not going to happen under a Trump administration.feedback

A big obstacle to viewing TTIP as a bilateral deal is Germany, which continues to exploit other countries in the EU as well as the U.S. with an 'implicit Deutsche Mark' that is grossly undervalued.feedback

The German structural imbalance in trade with the rest of the EU and the U.S. underscores the economic heterogeneity within the EU – ergo, this (TTIP) is a multilateral deal in bilateral dress.feedback

We as an economy cannot succeed putting our people back to work in Ohio and Pennsylvania, Michigan and Indiana if those countries keep treating us unfairly with respect to that VAT tax system. The only way to do that is by coming up with some system of border adjustable tax which is flexible.feedback

We envision a more Germany-style economy, where 20 percent of our workforce is in manufacturing. And we're not talking about banging tin in the back room. We're talking about high technology across the board, whether it's computer chips or cars or anything in between. Multilaterals, you get hundreds of people and thousands of lobbyists and lawyers. It takes years and years and years.feedback

The new administration should bear in mind that with economic and trade ties between the world's two largest economies now the closest they have ever been, any move to damage the win-win relationship will only result in a loss for both sides.feedback

That plan is revenue-neutral because it uses a very innovative system of tax credits to help with all the other sources of funding we have. The last thing you want to do is raise taxes to fund an infrastructure program. That will not happen in a Trump administration.feedback

AT&T, the original and abusive 'Ma Bell' telephone monopoly, is now trying to buy Time Warner and thus the wildly anti-Trump CNN. Donald Trump would never approve such a deal because it concentrates too much power in the hands of the too and powerful few.feedback

Penn Wharton's tax, immigration and Social Security simulators provide access to fact-based information that allows people to decide for themselves what initiatives are best for the country's future.feedback

That skews against Republicans because of course [with] tax cuts, you get tax reductions. When you include the positive offsets from energy, regulation and trade, it's revenue neutral and you get twice as much growth as Clinton, millions more jobs.feedback

In Moody's world, stronger foreign immigration' pushes up productivity but doesn't push down wages, the 'negative employment affect [sic]' for a higher minimum wage is 'modest,' tax hikes do not reduce the spending of higher income individuals, and her plan will result in only a 'modest increase in the federal government's budget deficits.' No reputable economist would sign on to these fantasies.feedback

Here's the central point to understand: The White House has been utterly and completely soft on China's illegal trade practices. The status quo is the worst of all possible worlds for the United States.feedback

The Moody's report is a partisan document that fundamentally lacks credibility. It is based on flawed assumptions that the authors admit 'are our own,' and these assumptions grossly misrepresent the Trump campaign's policy statements on the economy, trade, tax reform, and immigration.feedback

Under the threat of Trump's countervailing tariffs, Chinese leaders realize they no longer have a weak leader in the White House, and China ceases its unfair trade practices. In this scenario, American's massive trade deficit with China comes peacefully and prosperously back into balance over time. Both the U.S. and Chinese economies benefit while workers' rights improve along with the global environment.feedback

This order recognizes that as the U.S. has loss of over 60,000 factories and more than 5 million manufacturing jobs since 2001, America's defense industrial base is now facing increasing gaps in its capabilities.feedback

It does the American economy no long-term good to only keep the big box factories where we are now assembling 'American' products that are composed primarily of foreign components. We need to manufacture those components in a robust domestic supply chain that will spur job and wage growth.feedback

It doesn't work if one country cheats on the other. The 'positive sum' game in which both countries are supposed to win quickly devolves into a 'zero sum' game with one big prosperous winner and one big recessionary loser.feedback

I still have some principles. But not as many as you might think because I don't have any concern at all about making stuff up about my opponent that isn't exactly true. The ultimate policy question, is whether we are going to consider China's 'hacks' as the acts of war they really are – or whether we are simply going to keep sticking our heads in the sand and see no Red Hacker brigade evil.feedback

It would be useful to have candid discussions with Germany about ways that we could possibly get that deficit reduced outside the boundaries and restrictions that they claim that they are under.feedback

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As commander-in-chief, I have no greater responsibility than leading our men and women in uniform; I have no more solemn obligation sending them into harm's way. I think about this every time I approve an operation as president. Every time, as a husband and father, that I sign a condolence letter. Every time Michelle and I sit at the bedside of a wounded warrior or grieve and hug members of a Gold Star Family.

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